|
A Credit Union for North Central Bedfordshire becomes a Reality
For the first time people living and/or working in North Central Beds (formerly known as Mid Beds) will be able to join a Credit Union. This follows Bedford Credit Union's agreement to extend their Common Bond to cover the whole of area covered by the old Mid Bedfordshire District Council.
This facility has been made possible thanks to an extensive feasibility study and good partnership working between Mid Beds District Council, Aragon Housing Association, Mid Beds Citizens Advice Bureau, Community & Voluntary Service and the Beds County Council.
Why not begin saving now?
Take control of your finances and watch your money grow by joining the Bedford Credit Union. Bedford Credit Union now operates in what was Mid Bedfordshire.
Credit Unions are financial cooperatives run by community not-for-profit organisations. Credit Unions offer easy ways to save and low cost loans to members. As Credit Unions are regulated by the Financial Services Authority you can be assured that your money is safe.
It could not be easier to join Bedford Credit Union, as all you need to do is produce two forms of identity (for example a passport or driving licence) and a recent utility bill or bank statement, plus pay a £3 joining fee and deposit at least £1 in your new account.
You can visit Bedford Credit Union's Central Office is in St Paul’s Square, Bedford. Opening Hours are:
- Monday - 12noon to 4pm
- Tuesday - 7pm to 8.30pm
- Wednesday - 10am to 4pm
- Friday - 10am to 1pm
- Saturday - 9am to 12 noon
And now in North Central Bedfordshire you can join and start saving with us at the following collection points:
-
Shefford Community Hall, 60 High Street, Shefford, SG17 5BD. Open every Thursday between 1.00pm to 2.30pm
- Biggleswade Preen Furniture Scheme, Unit 5 Shortmead Industrial Estate, Opposite Ivel Bury
Shortmead Street, Biggleswade, SG18 0BP. Open every Tuesday between 10.00 and 12.30.
Volunteering
Bedford Credit would be interested in hearing from you if you would be interested in volunteering for them locally.
Contact
You can find out more about the benefits of becoming part of the Credit Union movement by visiting their website at www.bedfordcreditunion.org.uk or by ringing 01234 346352.
What are Benefits of having a Credit Union in North Central Beds?
A Credit Union in North Central Beds will have a number of beneficial effects including:
- Encouraging saving - Members may open more than one savings account - e.g. Christmas savings accounts as alternative to such as Farepak, or for holidays, weddings, etc.
- Providing low cost loans - dependent on the amount saved, no arrangement or re-arrangement fees, no penalty charges, and flexibility to suit members' circumstances.
- Payroll Deduction - a painless way to save and no need to visit the offices
- Free Insurance – loan protection insurance is built into loan arrangements at no extra cost to the member. This insurance covers the amount of any outstanding Credit Union loan if a member dies. Additionally a free life insurance scheme provides a lump-sum if a member dies. The amount paid depends on the member's age and amount of savings they had.
- The Department for Work and Pensions allows Credit Unions members to have their benefits paid directly into their saving accounts.
- Help reduce the increasing levels of personal debt problems
- Providing education and advice on financial management, especially for young people
Download Available:
Website:
|
